Sunday, January 27, 2013

Convince us that we need to “go after” the energy market? Er, actually, we are the energy market, thanks largely to the recent shale oil-and-gas boom — but no doubt Kerry and Obama will spare no amount of taxpayer money in trying to forcibly remake that market into one more closely resembling their own ‘green-and-renewable’ visions.

NOTE: In the comments, please don't rehash the question of whether global warming is a hoax, whether the predictions of climate change are correct, and so forth. Assume for the purposes of this discussion that the predictions are correct, that Berlin will become like Rome — and Madison like Mobile, Alabama — by midcentury.

How can they call it a "market" when the few rich guys who trade in it want massive government intrusion to keep them from losing money?

It's not a "market" in any sense of the word. It is a crony capitalist gimmick to make the rich richer while making products produced in factories more expensive for the ordinary citizen.

But the carbon traders shouldn't worry. The EU has so much invested in this scheme that they are going to find a way to make it work - even if nobody much wants it. That is the essence of government according to the European Union and ordinary people are going to be paying for the mismanagement of this "market" for the foreseeable future.